3.00pm BST

The composite output index, which covers manufacturing and services, posted 55.7 last month, up from June’s five-month low of 54.6. Markit noted that although the latest reading points to a relatively strong increase in US private sector output, the rate of expansion was fractionally weaker than that recorded on average in the second quarter of 2015.

2.56pm BST

To round off the services PMIs, the US survey is just out and shows activity strengthened in July, led by the fastest rise in new work in three months.

The Markit US services PMI recorded 55.7 in July, up from 54.8 in June.

July data indicated a slight rebound in service sector activity growth, following the five-month low recorded in June. The latest survey also highlighted a strong and accelerated rise in new work, alongside a further robust upturn in payroll numbers. However, service providers’ confidence regarding the year-ahead business outlook dipped to its lowest since June 2012.”

Continue reading…
Source: The Guardian Circular Economy RSS